The rent prices in real estate in Salem, in the Oregon region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Salem has risen during the last 6 months. In March, the average price per sq.feet was $1.29. In the following month the price per sq.feet rose to $1.4. In the following two months the price per sq.feet has risen 106 %, going from $1.35 to $1.42 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of $1.38 to $1.38 during July y August
When referring to the price in Salem (cities), there have hardly been any changes in the last 6 months. The average price for March is $1,322. During April the price had a slight fall till $1,204. During the following two months (May, June) the price has had an average rise from $1,263 to $1,334. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,298.5 and $1,324 between July and August.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,340 they are 24 % more affordable than the average price for Salem . The properties with the highest average price have 4 bedrooms, Their price is 76 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,670.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.39 / sq.feet price in Salem. The properties with the most expensive average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.39 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,340 it is 4 % more affordable than the average price in Salem. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,814 it is 77 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.22 / sq.feet followed by "House" priced at $1.43 / sq.feet. "House" is the most expensive type of property with a $1.43 / sq.feet value followed by "Condo" with an average price of $1.22 / sq.feet.